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Citizens Bank announced that its annual Small Business Community Champion Awards competition is now open to eligible small businesses. The award, now in his sixth year, aims to recognize the positive contributions small businesses make to their communities.
This grant provides $10,000 to 30 small businesses within the reach of the public, including 10 minority-owned businesses and 10 women-owned businesses.
$10,000 Citizens Bank Small Business Champion Contest
Eligible businesses must be small for-profit businesses with at least 5 full-time or part-time employees or contractors for at least 51% of any calendar year and up to $3 million in annual revenue. I have.
Additionally, the company must be the owner of a business banking account with Citizen Bank or be located in the state where Citizen Bank is located. Eligible businesses can apply by February 7, 2023 through Citizen Bank’s Business Champions link for a chance to win $10,000.
Citizens established the Small Business Community Champions Awards Program to support communities and small businesses. To date, the program has awarded nearly $1 million to help 82 small businesses expand their businesses, provide clients with quality products and services, and help develop their communities.
Grants and Awards Benefits
Grants and awards help strengthen your business. Especially if it is difficult to raise business funds and difficult to get a loan. Grants and awards are virtually free money and a great way to start and grow your business without going into debt for the future.
A business may be eligible for grants and awards for a variety of reasons, such as supporting specific initiatives or programs or meeting specific ownership requirements, which may be minority or women-owned businesses. Grants and awards are funded by many governments, nonprofits, and commercial groups for various initiatives and programs.
There are many benefits beyond financial incentives. Some of them include reputation and recognition from peers and industry. It offers great PR and media possibilities that build credibility and social proof.
All of this contributes to public trust in your business and support that you are doing the right thing. In addition to helping your business grow, awards also boost employee spirit as your team reaps the rewards. By constantly raising your standards above your competitors, you are more likely to attract and retain employees who want to work for a respected company.
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